Steeped in history and surrounded by 57 acres of woodlands lies a magnificent estate in New York known as Laurel Hill, one of Long Island’s rarest remaining Gold Coast estates. On the market for $18.5 million, the grand estate celebrating Tudor architecture is in the prestigious North Shore enclave of Mill Neck, New York. It’s
Real Estate
Morty, an online mortgage marketplace, announced today they have closed a $25 million Series B financing round with the entirety of the funding in the form of equity. This gives the company a valuation of $150 million, said Morty cofounder Nora Apsel. Previously the company had a valuation in the $10 to $50 million range,
Founder and CEO, Visual Lease. Poor management of your real estate leases exposes your business to a range of risks including unexpected terminations, defaults and overbilling by lessors. And with new lease accounting rules requiring leases to be reported as assets and liabilities on the balance sheet, poor lease management can also result in inaccurate financial
The second quarter of 2021 was the busiest since at least 2004 for the Manhattan residential scene, continuing a shift to a seller’s market, according to a recent report from real estate data firm UrbanDigs. More than 4,380 deals were signed in the second quarter, up more than 24% from the previous quarter, and an
In this article TMHC The housing shortage that began before the pandemic will stick around for a long time as market demand soars, the chief executive of homebuilder Taylor Morrison told CNBC on Wednesday. “As the economy continues to improve, we’re going to see mortgage rates move up, and I think that should be expected. They’re not
An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
In this article RGP-GB Stephen M. Ross attends The Wall Street Journal’s Future Of Everything Festival at Spring Studios on May 20, 2019 in New York City. Nicholas Hunt | Getty Images A super PAC funded largely by billionaire Stephen Ross racked up a winning record in New York’s city council primaries, a sharp reminder
SrdjanPav | E+ | Getty Images The national ban on evictions is scheduled to be lifted at the end of the month, yet just a sliver of the $45 billion in assistance allocated by Congress has gone out to renters behind on housing payments. The first round of rental aid was authorized by Congress in
In this article RDFN A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. Spencer Platt | Getty Images For more than a year now, the housing market has been a perfect storm for sellers, but the winds may finally
A member of Miami-Dade Fire Rescue hugs a victim’s relative at the “Surfside Wall of Hope & Memorial” near the site where a building collapsed in Surfside, Florida, north of Miami Beach on July 7, 2021. Chandan Khanna | AFP | Getty Images The number of confirmed deaths in the collapsed condominium building in Surfside,
Mansions seen along the coast of Palm Beach, Fla. Getty Images Prices in Florida’s ultra-rich Palm Beach community hit an all-time high in the second quarter, as brokers grappled with a record-low number of mansions to sell. The average price for a single-family home in Palm Beach hit $11.7 million in the second quarter, up
This story is part of CNBC Make It’s One-Minute Money Hacks series, which provides easy, straightforward tips and tricks to help you understand your finances and take control of your money. There’s been a lot of discussion about affordable housing recently, especially as home prices and rents hit record levels. Is your current home affordable?
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York on April 18, 2021. Newsday LLC | Newsday | Getty Images Homeowners saw an opportunity last week and seized it. A sudden and unexpected drop in mortgage rates sent borrowers to their lenders in droves, hoping
The revived New York City real estate market is seeing strong demand and attractive prices relative to recent history, a top broker told CNBC on Tuesday. “The story that I’m seeing across the board: All segments are transacting. New York is back, and people want to be here,” Christopher Kromer, a broker with Brown Harris
Train stations make great hotels, as it turns out. The latest case in point, Central Station Hotel in Memphis, Tennessee, opened as a hotel in October 2019, after a 22-month renovation. With 123 rooms and an appropriately music-oriented décor, it is located in the thriving South Main District, near the National Civil Rights Museum, Beale
As New York’s residential market heats back up amid the easing of commercial restrictions and lower Covid rates, questions remain about what the recovery will look like and how soon investors can expect the market to return to pre-pandemic levels or higher. Much of this increased demand is due to a sooner-than-expected return to relative
Mountain resort markets have been in high demand since the onset of the COVID-19 pandemic, sending prices soaring in hotspots such as Vail and Aspen. In Montana’s Flathead County, where Whitefish and Bigfork are located, there have been more than 90 sales of $1 million-plus in 2021. As a result, the average price for single-family
Founder and CEO, Visual Lease. Real estate leases can serve as key strategic assets for companies, presenting opportunities to improve the execution of a business strategy while also creating operational efficiencies. But leases also present risks. Without close attention to them, you can lose the situs of your business, cause disruptions in operations and lose money
It’s been a good month financially for tennis’s reigning men’s world #1, Novak Djokovic. Coming off his 19th Grand Slam title at Roland Garros last weekend, Djokovic last night sold his 2,421 square foot condo in Miami Beach’s exclusive Surfside neighborhood for $6 million. On top of the $1.69 million that he netted by capturing
It seems as though actor and director Robert Redford is capitalizing on the real estate boom in the West, as he has officially listed his stunning Utah horse ranch for $4.9 million. Redford’s ranch, Horse Whisper Ranch, named after his 1998 movie The Horse Whisperer, is located 16 miles north of Sundance, Utah and spans